Nifty Intraday Chart: As expected Nifty moved from the low of 5855 this mid session and we got a solid 30 points gain in nifty. Nifty still looking strong and positional traders can hold long with the said SL.

Nifty Intraday Chart: Nifty moved lower in the morning session and i believe it would bounce back from the support level of 5860. Still nifty is in positive trend, hence kindly do not build short position until we see some negative divergence is in place.

Nifty Daily Chart: Nifty looking queit strong on the daily chart. RSI has entered the overbought zone, however we still feel it has the potential to take nifty further upward. MACD too looking strong at the movement. However, we do not recomend to build fresh long at this moment, and request our positional holders who has build long to hold on with their position as per the SL guidance in the right tab.

Nifty Daily Chart: Wow a great start for the week. Nifty broke the resistance at 5875 and moving solidly ahead. RSI has room for further en the move ahead. Nifty might be marching ahead to the next resistance at 6180, meanwhile we can see some negative divergence in RSI-price pattern. We have booked profits in intraday sell nifty and holding long in nifty. Now 5875 would act as a support for Nifty.

Nifty Intraday Chart: Seems to be another day of sideways movement. The interesting fact on the intraday chart is that the RSI is griding lower, however the prices stalls within a fixed range. This could lead to the continuation of further upside movement in Nifty. If Nifty has to fall it should fall today and fall harder.